Boston, Feb. 24, 2021 (GLOBE NEWSWIRE) — Duck Creek Applied sciences (NASDAQ: DCT) introduced right this moment that Core Specialty Insurance coverage Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Firm”) will implement Duck Creek’s options by way of Duck Creek OnDemand, the supplier’s SaaS platform for the P&C insurance coverage trade.
With its sights set on changing into the main specialty insurer, Core Specialty is transferring swiftly towards its purpose with a unified set of highly effective SaaS options whereas intensifying its deal with product innovation and distribution by way of the nation’s largest specialty line brokerages. Core Specialty sought a next-generation expertise platform able to delivering unmatched operational effectivity, harnessing information from myriad sources, and empowering distribution companions with best-in-class ease of doing enterprise. Duck Creek’s Professional Services arm is dealing with the implementation of all options, in addition to creating a proprietary API-based connection to the dealer ecosystem Core Specialty is cultivating.
“Core Specialty is really ‘able to go,’ a theme we’re emphasizing as a part of our Firm rebranding,” stated Jeff Consolino, President & CEO of Core Specialty. “Collectively and in every of our specialist area of interest enterprise models, we intend to function with sturdy entrepreneurial spirit, drive, velocity, agility, and empowered decision-making. Duck Creek OnDemand will give us the essential instruments we’d like from a technical perspective to proceed pursuing our targets. This can be a determination we all know will serve us properly into the longer term as we develop our enterprise with higher velocity to market and important enterprise intelligence.”
Duck Creek’s OnDemand end-to-end SaaS resolution offers all of the providers, assist, and computing sources wanted to assist carriers transfer sooner and extra effectively than ever earlier than. By leveraging the perfect accessible expertise and constantly delivering new performance to unravel ever-changing P&C insurance coverage enterprise challenges, OnDemand permits a basically new strategy to competing in right this moment’s trade—one the place expertise helps technique moderately than dictating it, and the place carriers are empowered to deal with innovation in completely new methods.
“Core Specialty’s digital technique is rapidly constructing spectacular momentum and scale,” stated Marc Stad, Founder and Managing Companion of Dragoneer Funding Group, a key investor in Core Specialty. “By choosing Duck Creek OnDemand to energy their enterprise, Core Specialty is strengthening their management place within the rapidly-modernizing P&C insurance coverage sector— and we’re excited to see what they will accomplish with the assist of OnDemand’s extremely revolutionary options.”
“Core Specialty’s scale and geographic attain require SaaS options that may assist all of its operations now, in addition to scale and velocity to satisfy its purpose of tripling in measurement over the subsequent three years,” stated Michael Jackowski, CEO of Duck Creek. “Our staff is proud to assist our longtime buyer as they take this essential step ahead of their journey, and to supply the options and experience they should obtain operational excellence and supply their prospects and distribution companions with service excellence. We’re excited to increase our relationship and sit up for working collectively to assist Core Specialty speed up their success.”
About Core Specialty:
Core Specialty affords a diversified vary of property and casualty insurance coverage merchandise for small to mid-sized companies. From its underwriting workplaces spanning the U.S., the Firm focuses on area of interest markets, native distribution, and superior underwriting information; providing conventional in addition to revolutionary insurance coverage options to satisfy the wants of its prospects and brokers. Core Specialty is an insurance coverage holding firm working by means of StarStone Specialty Insurance coverage Firm, a U.S. extra and surplus traces insurer, and StarStone Nationwide Insurance coverage Firm, a U.S. admitted markets insurer. The Firm is rated A- (Wonderful) by AM Finest. For additional details about Core Specialty, please go to www.corespecialty.com.
About Duck Creek Applied sciences:
Duck Creek Applied sciences (NASDAQ: DCT) is a number one supplier of core system options to the P&C and Basic insurance coverage trade. By accessing Duck Creek OnDemand, the corporate’s enterprise Software program-as-a-Service resolution, insurance coverage carriers are in a position to navigate uncertainty and seize market alternatives sooner than their rivals. Duck Creek’s functionally wealthy options can be found on a stand-alone foundation or as a full suite, and all can be found by way of Duck Creek OnDemand. For extra data, go to www.duckcreek.com.
Core Specialty Media Contact:
Prosek Companions for Core Specialty
Duck Creek Media Contact:
Sam A. Shay Duck Creek Applied sciences +1 (857) 201-5784 [email protected]